« previous next »

Author Question: The monopolist, unlike the perfectly competitive firm, can continue to earn an economic profit in ... (Read 122 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 30, 2018
The monopolist, unlike the perfectly competitive firm, can continue to earn an economic profit in the long run because of:
 a. collusive agreements with competitors.
  b. price leadership.
  c. cartels.
  d. a dominant firm.
  e. extremely high barriers to entry.

Question 2

If total utility increases from 10 to 15 for the second unit of a good consumed, the marginal utility of the second unit is 25.
 a. True
  b. False
  Indicate whether the statement is true or false


ricroger

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
economic question economic question
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Locate the following places by reference number on the map:Key Locales of Political, Economic, ... Locate the following places by reference number on the map:Key Locales of Political, Economic, ...
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library